Nonprofit · EIN 85-2357662
FRANKLIN EDUCATION FOUNDATION
Tax-exempt · LAKE FOREST, CA 92610
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $488,511 | $913,435 | -$424,924 | $80,248 | $203,800 | -$123,552 |
| December 31, 2023 | 990 | $384,593 | $219,784 | $164,809 | $525,397 | $224,025 | $301,372 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,000
- Program service revenue
- $480,462
- Investment income
- $49
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $58,146
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,600
- Travel
- $9,533
- Program services (functional)
- $913,435
Balance sheet and other
- Total assets, start of year
- $525,397
- Total assets, end of year
- $80,248
- Total liabilities, end of year
- $203,800
- Net assets, end of year
- -$123,552
- Gross unrelated business income
- $480,511
- Gross receipts
- $488,511
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YIBIN ZHANG | PRESIDENT & DIRECTOR Trustee or director | 3 | $0 |
| SPENCER FANG | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YIBIN ZHANG | PRESIDENT & DIRECTOR Trustee or director | 3 | $0 |
| JILL DUOTO | DIRECTOR Trustee or director | 2 | $0 |
| SPENCER FANG | DIRECTOR Trustee or director | 2 | $0 |
| LIHUA WANG | TREASURER & SECRETARY Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 27442 PORTOLA PKWY STE 150, LAKE FOREST, CA 92610-2860
- In care of
- % YIBIN ZHANG
- Mailing address (990-N for 2020)
- 610 ROOSEVELT, IRVINE CA 92620
- Principal officer (990 for 2024)
- YIBIN ZHANG, 610 ROOSEVELT, IRVINE, CA 92620
- Principal officer (990-N for 2020)
- YIBIN ZHANG, 610 ROOSEVELT, IRVINE CA 92620
- Signed the 990
- YIBIN ZHANG, PRESIDENT
- Phone
- (925) 899-0423
- Return prepared by
- HU AND COMPANY ACCOUNTANCY CORPORATION
California records
California keeps its own records of charities and corporations. Search them by EIN 85-2357662 or by the name FRANKLIN EDUCATION FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE MISSION OF THIS CORPROATION IS TO PROVIDE COLLEGE AND HIGH SCHOOL STUDENTS THE OPPORTUNITIES TO DEVELOP LEADERSHIP SKILL WHILE PARTICIPATING IN SUSTAINABLE DEVELOPMENT PROJECTS SERVING THE UNDERSERVED POPULATIONS IN VILLAGES AROUND THE WORLD. THIS CORPORATION'S EDUCATION GOAL IS TO TRAIN THESE STUDENTS AS FUTURE LEADERS OF SOCIETY WORKING WITH THE PEOPLE IN THESE VILLAGES TO BUILD HEALTHIER, MORE VITAL COMMUNITIES AND, FORM THESE EXPERIENCES, LEARNING MORE ABOUT THEMSELVES AND BECOMING MORE PRODUCTIVE AND SUCCESSFUL GLOBAL CITIZENS.
Program accomplishments
- EDUCATION FUNDRAISING EVENT IN CALIFORNIAgrants $58,146
- TRAIN HIGH SCHOOL STUDENTS TO BECOME THE FUTURE LEADERS OF TOMORROW.Expenses $913,435 · revenue $488,462
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2357662
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25)
- Assets (IRS master file)
- $80,248
- Income (IRS master file)
- $488,511
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $488,511 | $913,435 | $80,248 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $384,593 | $219,784 | $525,397 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: YIBIN ZHANG | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-2357662).
Questions about FRANKLIN EDUCATION FOUNDATION
- What is the EIN of FRANKLIN EDUCATION FOUNDATION?
- The employer identification number (EIN) of FRANKLIN EDUCATION FOUNDATION is 85-2357662.
- Is FRANKLIN EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FRANKLIN EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANKLIN EDUCATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRANKLIN EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANKLIN EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FRANKLIN EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names YIBIN ZHANG.
- Who are the officers and directors of FRANKLIN EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does FRANKLIN EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $488,511, expenses of $913,435 and total assets of $80,248 at year end.
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